Metlifecare Limited

Overview

Metlifecare is a leading New Zealand owner and operator of retirement villages, providing rewarding lifestyles and outstanding care to more than 7,000 New Zealanders.

Established in 1984, it currently owns and operates a portfolio of 35 villages in areas with strong local economies, supportive demographics and high median house prices, located throughout New Zealand

Performance

The following information was extracted from Metlifecare Limited's Full Year results, released on 28 August 2026:

FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2026

Metlifecare Limited’s (NZX: MET) (Metlifecare or the Company) performance summary for the year ended 30 June 2026 (FY26):

• Total occupation right agreement sales of $554.4 million, up 1.5% on the prior year ended 30 June 2025 (FY25)

• Operating revenue of $270.7 million, up 11.4% on FY25

• Net profit after tax (NPAT) of $43.7 million, down 34.3% on FY25

• Total comprehensive income of $117.6 million, up 30.7% on FY25

• Total assets of $7.41 billion, up from $6.96 billion at 30 June 2025

• Net tangible assets of $2.56 billion1, up from $2.42 billion at 30 June 2025

• Net gearing of 38.8%2, broadly consistent with 38.5% at 30 June 2025

• Bank refinancing completed, extending maturities and increasing total facilities by $175 million

• 301 new independent living units and care suites completed, including the opening of three new villages